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Sentiment · FY2026 Q3
As of FY2026 Q2, the Tellvest earnings-call sentiment score for Campbell Soup Company (CPB) is 1/10.
Campbell's Q2 FY2026 marked the lowest point in the company's recent trajectory, with Snacks margin collapsing to 7% on deleverage from -6% organic net sales decline and Fresh Bakery execution disruptions. Management responded with aggressive cash preservation measures — eliminating buybacks, freezing the dividend, cutting capex $50M, and announcing a new $100M overhead reduction program — while significantly lowering full-year guidance. The bright spot was Rao's delivering 14.5% consumption growth during the holiday quarter, but it wasn't enough to offset the severity of Snacks deterioration and intensifying competitive pricing pressure from the category leader's permanent everyday price reductions.
Scored from Campbell Soup Company’s FY2026 Q2 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.29B | +10.9% | $-0.01 | -101.8% | 29.4% | 11.3% | -0.1% | $147M |
| FY2025 Q1 | $2.77B | +10.1% | $0.72 | -7.7% | 31.3% | 14.3% | 7.9% | $115M |
| FY2025 Q2 | $2.69B | +9.3% | $0.58 | -14.7% | 30.5% | 13.2% | 6.4% | $411M |
| FY2025 Q3 | $2.48B | +4.5% | $0.22 | -50.0% | 29.4% | 12.4% | 2.7% | $50M |
| FY2025 Q4 | $2.32B | +1.2% | $0.49 | +4951.5% | 30.4% | 12.7% | 6.2% | $129M |
| FY2026 Q1 | $2.68B | -3.4% | $0.65 | -9.7% | 29.6% | 12.6% | 7.2% | $97M |
| FY2026 Q2 | $2.56B | -4.5% | $0.48 | -17.2% | 28.0% | 10.6% | 5.7% | $643M |
| FY2026 Q3 | $2.37B | -4.4% | $0.41 | +86.4% | 27.5% | 10.1% | 5.2% | $29M |